It is always difficult for novice investors to invest and manage their finances, and they will encounter many problems. In fact, in addition to understanding investment tools, we should also establish our own basic concepts of investment and financial management, so as to avoid many detours on the road of investment and financial management. Be careful of these eight traps!
1. No long-term thinking
Companies you may be interested in
Are you an investor or a speculator? We should Afghanistan Phone Number List maintain long-termism and have the right investment mindset when it comes to investing. Invest your time and faith in things that can generate value in the long run. Buffett once said that if you don’t want to own a stock for more than 10 years, then don’t own it for even a minute.
2. Invest based on other people’s advice
Some people like to listen to some so-called Chile Phone Number List experts or some news reports to make buying and selling decisions. These people are usually less independent-minded and lazy to do homework and research the market.
3. Fear of Loss
People generally have a loss aversion mentality. When the company’s fundamentals have deteriorated completely and there is no intrinsic value and moat, investors keep expecting it to rise and then make a profit, but the facts are already in front of them, but they are unwilling to face reality.
